Olli Maatta buyout calculator, cap hit impact

Olli Maatta Buyout Cap Implications

Birthdate August 22, 1994

If Olli Maatta was bought out prior to the 2021-2022 season.

The annual cap hit of a buyout is calculated year by year as follows:

  • Add together the Original Cap Hit and the Contract Signing Bonus for that year
  • Subtract the Contract Total Salary for that year (base salary + signing bonus).
  • Finally, add the Annual Buyout Cost as calculated below.

He would be 26 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $1,361,167
Remaining base salary
($4,083,500 * 33% buyout multiplier)
.

1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)

Annual buyout cost of $680,583
(Total buyout cost/2 years)

Olli Maatta projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$4,083,500
$4,083,500 $0
Original Cap Hit $4,083,333 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($4,083,500) ($0)
Annual Buyout Cost $680,583 $680,583
ACTUAL CAP HIT Chicago Blackhawks logo $680,416 $680,583
Savings $3,402,917 $-680,583

Active Contract

Signing Team
Signing Date February 26, 2016
Signing Status RFA
Agent J.P. Barry
Standard Contract | 6 Years $24,500,000 5.01% of cap space
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $4,083,333 $4,083,333 $4,083,333 $4,083,333 $4,083,333 $4,083,333
UFA
AAV $4,083,333 $4,083,333 $4,083,333 $4,083,333 $4,083,333 $4,083,333
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $4,083,300 $4,083,300 $4,083,300 $4,083,300 $4,083,300 $4,083,500
Signing Bonuses $0 $0 $0 $0 $0 $0
Total Salary $4,083,300 $4,083,300 $4,083,300 $4,083,300 $4,083,300 $4,083,500
Minors Salary $4,083,300 $4,083,300 $4,083,300 $4,083,300 $4,083,300 $4,083,500
Clauses M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out